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ACCRUALS AND OTHER CURRENT LIABILITIES | 6 Months Ended
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Jun. 30, 2025
Payables and Accruals [Abstract] |
ACCRUALS AND OTHER CURRENT LIABILITIES | 10. ACCRUALS AND OTHER CURRENT LIABILITIES Accrued expenses and other liabilities consist of the following:
Schedule of accrued expenses and other liabilities |  |  |  |  |  |  |  |
|  | December 31, |  |  | June 30, |
|  | 2024 |  |  | 2025 |
|  | US$’000 |  |  | US$’000 |
Accrued operating expenses |  |  | 1,145 |  |  |  | 898 |
Deposits |  |  | 204 |  |  |  | 224 |
Advances from customers |  |  | 323 |  |  |  | 772 |
GST payables |  |  | 5 |  |  |  | 19 |
Margin call * |  |  | – |  |  |  | 164 |
Unrealized losses on commodity future contracts, at fair value |  |  | 14 |  |  |  | – |
Other payables – Related parties ** |  |  | 545 |  |  |  | 324 |
|  |  | 2,236 |  |  |  | 2,401 |
* | Margin call represents unsettled commissions fee and realized losses on commodity future contracts placed with StoneX Financial Ltd. for the purpose of managing the Company’s commodity price risk (Note 14).
** | The amounts due to related parties are unsecured, free of interest and repayable on demand, including:
1) | Advances of US$202,317 from a related party, which were free of interest and fully repaid on August 22, 2025; and
2) | Payables to the Company’s overseas office, which is a related party, represented certain expenses paid by the overseas office on behalf of the Company in the normal course of its operation.

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 720 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483384/720-30-45-1 + Details
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